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PassingFair (1000+ posts) Send PM | Profile | Ignore | Thu Nov-12-09 11:20 AM Original message |
Every credit card I have has had the interest rate jacked up to near or above 20%. |
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KansDem (1000+ posts) Send PM | Profile | Ignore | Thu Nov-12-09 11:26 AM Response to Original message |
1. I hear you! |
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percussivemadness (733 posts) Send PM | Profile | Ignore | Thu Nov-12-09 11:26 AM Response to Original message |
2. here`s the thing about credit cards, its like saving in reverse |
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Skink (1000+ posts) Send PM | Profile | Ignore | Thu Nov-12-09 11:27 AM Response to Original message |
3. My lawyer asked me that... |
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endless october (1000+ posts) Send PM | Profile | Ignore | Thu Nov-12-09 11:29 AM Response to Original message |
4. 24 percent here. won't be using the card again if i can help it. |
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PassingFair (1000+ posts) Send PM | Profile | Ignore | Thu Nov-12-09 11:40 AM Response to Reply #4 |
5. I'm sure as hell not charging anything for Xmas this year! |
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sinkingfeeling (1000+ posts) Send PM | Profile | Ignore | Thu Nov-12-09 11:44 AM Response to Original message |
6. I would assume that people will purchase big ticket items in the same way they did before the 'easy' |
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PassingFair (1000+ posts) Send PM | Profile | Ignore | Thu Nov-12-09 11:54 AM Response to Reply #6 |
7. 1939, here we come! |
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Vinnie From Indy (1000+ posts) Send PM | Profile | Ignore | Thu Nov-12-09 12:08 PM Response to Original message |
8. This was the deal to get the "credit card reform" bill passed last year in Congress |
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PassingFair (1000+ posts) Send PM | Profile | Ignore | Thu Nov-12-09 12:24 PM Response to Reply #8 |
9. Do you think they will offer lower enticement rates AFTER the new law... |
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hadrons (1000+ posts) Send PM | Profile | Ignore | Thu Nov-12-09 12:25 PM Response to Original message |
10. Mine will be jacked to 24% (and yet, I'm a "valued customer" by MasterCard |
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Art_from_Ark (1000+ posts) Send PM | Profile | Ignore | Tue Nov-24-09 01:09 AM Response to Reply #10 |
30. You are a "valued customer" because they think you will be paying 24% |
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OllieLotte (495 posts) Send PM | Profile | Ignore | Thu Nov-12-09 12:52 PM Response to Original message |
11. Maybe it's a good thing. |
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PassingFair (1000+ posts) Send PM | Profile | Ignore | Thu Nov-12-09 01:05 PM Response to Reply #11 |
12. I think it is a VERY bad thing ... right when credit is needed most. |
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endless october (1000+ posts) Send PM | Profile | Ignore | Thu Nov-12-09 01:20 PM Response to Reply #12 |
13. honestly, i'd rather see an economy based on salaries rather than credit. |
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PassingFair (1000+ posts) Send PM | Profile | Ignore | Thu Nov-12-09 01:25 PM Response to Reply #13 |
14. Problem is the salaries are LOW and getting LOWER. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Wed Nov-18-09 07:54 PM Response to Reply #14 |
23. Then you will have an extra $1000 3 months from now. |
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PassingFair (1000+ posts) Send PM | Profile | Ignore | Sun Nov-22-09 04:51 PM Response to Reply #23 |
28. Right, I should just spend the $1000 on the equity balance of my home.... |
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Xenotime (1000+ posts) Send PM | Profile | Ignore | Mon Nov-23-09 11:15 AM Response to Reply #14 |
29. 100% agree. |
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Vinnie From Indy (1000+ posts) Send PM | Profile | Ignore | Thu Nov-12-09 02:50 PM Response to Reply #11 |
15. While what you offer is very true, you must understand something |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Thu Nov-12-09 02:56 PM Response to Original message |
16. We're seeing the end of dirt cheap credit, and that's a good thing |
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Art_from_Ark (1000+ posts) Send PM | Profile | Ignore | Tue Nov-17-09 11:48 PM Response to Reply #16 |
22. It's not a good thing for the people stuck in the credit crunch |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Thu Nov-12-09 04:31 PM Response to Original message |
17. Credit constriction is already at Great Depression levels. |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Thu Nov-12-09 04:33 PM Response to Reply #17 |
18. ...and this credit constriction will be the source of the upcoming "double dip". |
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PassingFair (1000+ posts) Send PM | Profile | Ignore | Thu Nov-12-09 08:19 PM Response to Reply #18 |
19. You and me both. |
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upi402 (1000+ posts) Send PM | Profile | Ignore | Thu Nov-12-09 09:49 PM Response to Original message |
20. Biden does their bidding |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Fri Nov-13-09 01:53 AM Response to Original message |
21. There's a limit to how much debt can be sustained |
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mackerel (1000+ posts) Send PM | Profile | Ignore | Thu Nov-19-09 02:34 AM Response to Reply #21 |
24. Debt is how our economy grows. |
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jimlup (1000+ posts) Send PM | Profile | Ignore | Thu Nov-19-09 06:45 PM Response to Reply #21 |
25. But the F*@$& Banks can borrow money at 0.0 % |
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barb162 (1000+ posts) Send PM | Profile | Ignore | Thu Nov-19-09 09:55 PM Response to Original message |
26. Mine have higher rates but it's not a bother |
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mackerel (1000+ posts) Send PM | Profile | Ignore | Fri Nov-20-09 02:28 AM Response to Reply #26 |
27. But the banks don't want that... |
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